Perlego – billed as the ‘Spotify for textbooks’ – has closed a $4.8 million (£3.7 million) venture round. Leading the round is ADV, with participation from existing angel investors, including Simon Franks co-founder of Lovefilm, Peter Hinssen and Alex Chesterman, founder of Zoopla.
Co-founder Gauthier Van Malderen is an alumnus of the Postgraduate Diploma in Entrepreneurship at Cambridge Judge Business School’s Entrepreneurship Centre.
Perlego gives students and professionals unlimited access to hundreds of thousands of professional and academic eBook titles for £12 a month. Perlego is already working with most leading publishers including Oxford University Press, Princeton University Press and Macmillan Higher Education.
Read the full article [TechCrunch.com]